Womans Life Insurance Assessment

Answer a few simple questions and create a life insurance recommendation based on your unique needs

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How old are you?

Why are we asking?

Often life insurance plans are offered for specific age ranges. Knowing your age helps us determine which options you may be eligible for.

What is your annual income before taxes?

Why are we asking?

Life insurance proceeds can be used to replace your income and ensure that your loved ones can maintain their current lifestyle.

18%

Tell us about your household (select all that apply)

I am Single I have a child/children I am Married I am the parent of a child/children with a special needs Please complete marital status I am taking care of my parents

Please complete marital status

Why are we asking?

Protecting loved ones’ financial security is often the number one reason people get life insurance.

27%

How old is your spouse?

Why are we asking?

We will consider your spouse's age as well as yours when making recommendations.

36%

Is your spouse employed?

YES NO

What is your spouse’s annual income before taxes?

Why are we asking?

Your spouse’s income can be a factor in determining how much income needs to be replaced to ensure that your family can continue to meet its financial obligations.

45%

How many children do you have?

How old are they?

Child 1

Child 2

Child 3

Child 4

Child 5

Child 6

Why are we asking?

Ongoing care for your children can be expensive. In addition to food and clothing, there are daily living expenses and future educational costs you may want to consider. Life insurance can help protect their financial security.

54%

Do you want to set aside funds for their education?

YES NO

Why are we asking?

Private school and/or college can be expensive and could create long term debt for your children. If you’re not there to help them, life insurance can help offset those costs.

63%

Here is your personalized life insurance needs analysis

Limited
Coverage Enhanced
Coverage

We recommend $20,000 of additional life insurance coverage to protect your loved ones’ financial security

$15,000 for final expenses

$75,000 to pay off outstanding debts

Additional considerations: The $1,000,000 of coverage that you currently have has been subtracted from the recommended total.

Your current life insurance coverage meets our recommended limited coverage amount. Please remember that insurance you’ve purchased or insurance through your employer may not be permanent coverage. You should periodically review your coverages as your insurance needs will change over time. You may also want to review your retirement savings plan. Click here to get started.

We recommend $20,000 of additional life insurance coverage to protect your loved ones’ financial security.

$25,000 for final expenses

$75,000 to pay off outstanding debts

$52,031 to provide a replacement income

$25,000 to establish an education fund

$25,000 designated for charitable giving

Additional considerations: The $1,000,000 of coverage that you currently have has been subtracted from the recommended total.

Your current life insurance coverage meets our recommended coverage amount. Please remember that insurance you’ve purchased or insurance through your employer may not be permanent coverage. You should periodically review your coverages as your insurance needs will change over time. You may also want to review your retirement savings plan. Click here to get started.

We recommend $20,000 of additional life insurance coverage to protect your loved ones’ financial security.

$50,000 for final expenses

$75,000 to pay off outstanding debts

$52,031 to provide a replacement income

$25,000 to establish an education fund

$25,000 designated for charitable giving

Additional considerations: The $1,000,000 of coverage that you currently have has been subtracted from the recommended total.

Your current life insurance coverage meets our enhanched coverage amount. Please remember that insurance you’ve purchased or insurance through your employer may not be permanent coverage. You should periodically review your coverages as your insurance needs will change over time. You may also want to review your retirement savings plan. Click here to get started.

Are you concerned about the cost of coverage at these recommended levels? It may not be as expensive as you think. Many Americans overestimate the true cost of life insurance – often by three times the actual amount.

A life insurance professional can help you design a plan to fit your unique needs and budget with a combination of life insurance products and riders. Click here to request a free, no obligation consultation or call us at 1-800-521-9292 extension 261 today.

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Do you rent or own your home?

Rent Own

How much is your monthly rent?

How much is remaining on your mortgage?

Why are we asking?

Protecting your family’s home and maintaining their current lifestyle are important factors to consider in your coverage planning.

72%

What are your other outstanding debts?

Car Loan:

Credit Cards:

Other Debt:

Why are we asking?

Your loved ones can use the tax-free death benefit from your life insurance to pay off outstanding debts.

81%

Do you have any existing life insurance?

YES NO

Total Group Life amount through your employer:

Total Individual Life amount:

Why are we asking?

If you have coverage in place now, you may need less additional coverage. Keep in mind that owning your own life insurance gives you flexibility and portability; your protection stays with you even if you change jobs, become unemployed, or retire.

90%

Would you like to set aside funds for a charitable donation?

YES NO

Donation Amount:

Why are we asking?

Life insurance can be an effective tool to help you create a lasting personal legacy and support the charitable organization(s) you care about even after you’re gone. You may also be able to offset final estate taxes with charitable donations.

100%

Woman’s Life Insurance Society provides financial products and educational resources to help women and their families build a strong financial future. Woman’s Life creates opportunities and provides financial support for community outreach. We value the Confidence that comes with building financial security, the Community-based Causes that matter most to our members, and the Connections that bring us together. Learn more about our vision, our mission, and our values.

As a non-profit membership organization, Woman’s Life provides a variety of member benefits including free resources, discounted services, and scholarship opportunities. In addition, our Chapter Financial Support programs empower active members to make a positive difference in their own communities. In just the last five years, Woman’s Life chapters have contributed almost $3 million and dedicated more than 239,000 hours of service to support member-selected charitable organizations and individuals in need. Learn more about the positive impact made by Woman’s Life Chapters across the United States.

The information and recommendations provided by this Life Insurance Needs Analysis tool are general projections only. The results and explanations may vary based on the information you provide. The actual amount of life insurance needed to meet your family’s financial needs may be significantly different. For a more comprehensive and detailed analysis specific to your individual circumstances, we encourage you to speak with a Woman’s Life Representative or an appropriately licensed life insurance professional. This needs analysis tool is not an application for life insurance and does not ensure the availability of, or your eligibility for any specific product or amount of insurance. Information is provided for illustrative purposes only and is not intended to offer any tax, legal, or financial advice. Woman’s Life does not guarantee the accuracy of the Life Insurance Needs Analysis tool and will not be liable for any errors or omissions, or any damages arising from the use or misuse of this tool. Not all products are available in all states.